Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 17 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
N/A N/A
0
Votes |
7
Posts

Any experience buying at auction in Contra Costa County, Cal

N/A N/A
Posted

I'm looking into better ways of buying flip properties rather than going through MLS. I've found good deals on MLS, but they are few and far between, and now I need to get a higher volume of deal flow. Does anyone have any experience buying foreclosures at the weekly auction at the Martinez Courthouse for Contra Costa County? Specifically, do you pay the entire amount in cash at the time of the auction, or do you put 10% down and close within a certain amount of days? How much due dilligence do you typically do before bidding? Is there an easy way to see the results of past auctions (i.e which ones went back to the bank vs. sold to private bidders, price sold, etc.)? My understanding is that most go back to the bank and become REO's. If this is the case, do you try to buy from the bank before the auction and have them cancel the auction? Any comments are appreciated…

-Josh

Loading replies...